GREYHOUND ACQUIRES OZ EXPERIENCE

Written on the 14 October 2011

GREYHOUND ACQUIRES OZ EXPERIENCE

COACH operator Greyhound Australia is sniffing out growth opportunities in the backpacker industry after announcing the acquisition of Oz Experience tourist bus services for an undisclosed sum.

Greyhound chief operating officer Tony Hopkins (pictured) says the deal gives the business a bigger chunk of the youth and adventure travel market.

“By introducing an ‘economy of bundling’ through our acquisition of Oz Experience, we expect an increase of up to 15 per cent passenger growth over the next year – which will translate to an extra 64,000 journeys across Australia,” he says.

“Figures from the Australian Government indicate the average backpacker spends around $6000 during their time in Australia, so this will provide a huge economic boost for struggling regional tourism destinations.”

The Brisbane-based Greyhound plans to introduce new Oz Experience packages that combine coach travel, tours and accommodation.

“Backpackers will not only be saving cash, they will also be saving themselves plenty of hassle, with the added convenience of being able to book their entire trip through a single provider,” says Hopkins.

“The acquisition has also allowed Greyhound the ability to offer greater flexibility and a wider variety of add-on travel experiences – and the option of both daytime and evening departures.”

Greyhound currently services several regional destinations including 1770, Crescent Head, Spot X, Rainbow Beach, Hervey Bay, Emu Park, Mission Beach and Yamba.


Latest News

CROMWELL TRADES STEADILY IN FIRST HALF

CROMWELL Property Group has maintained a steady operating profit at $0.045 per security in the first half of FY17,...

WHY NEXTDC'S STOCK IS SOARING

AFTER posting its interim result, NEXTDC (ASX: NXT) gained more than 12 per cent on the stock market before noon.
...

PWR PROFIT CRASHES AS DOLLAR RISES AND COSTS MOUNT

A RISING Aussie dollar has offset PWR Holdings Limited's (ASX:PWH) overseas growth in the last half, forcing a...

SUPER RETAIL GROUP RESULTS SHINE ACROSS THE BOARD

A WELL-planned and executed half has paid off for Super Retail Group (ASX:SUL) as it posts a net profit result up ...

Related News

EVERYTHING YOU NEED TO KNOW ABOUT THE NATIONAL BROADBAND NETWORK

THE National Broadband Network (NBN) is more than an internet connection, it is an opportunity to transform your b...

WHY EMPLOYEE-OWNED COMPANIES ARE BEATING ASX200 SHARE PRICES

EMPLOYEE-owned companies command a higher share price than their publicly listed peers, reaping a 17 per cent prem...

RISE OF THE MACHINES HAS WORKERS SWEATING

UP TO 3.8 million Australian workers are fearful their job may soon be terminated by a robot, a new survey has shown....

LESS TALK, MORE SMALL BUSINESS ACTION IN 2017

THE future growth and prosperity of Australian SMEs could be undermined if governments lose sight of the sector...

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter